And that is WRONG!!!!

Newer sets have come a long way with black level, allowing them to match or beat the top plasmas of yesteryear. And the brightness levels of peak white are well beyond anything from previous generations of TVs.

But color accuracy is a constant fight with these stupid TV manufactures. And even to this day, the Fujitsu series is hard to beat for accuracy. Cheap TV manufactures just do NOT care about picture fidelity. You still have to get a top model TV and calibrate it, if you want to get close to accurate colors.
Another big one is picture uniformativity. I believe that has gotten worse over the years.
Near black level issues, overshoot, dithering, etc...

I still would put an old Fujitsu (assuming last generation with low hours) up against any cheap TV you will find in a Walmart store for picture quality! Only millennials looking for an eye poping display, caring nothing about fidelity and no concept of actual picture quality, would choose otherwise.

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As far as that Vidikron projector goes. Yeah, this makes no sense. Any modern projector would blow that thing away. Even Huey's suggestion of a projector costing only $3K being better, is probably correct.